Ch 30-31 Test!!! Flashcards
(25 cards)
consumer debt
so like when people were buying on credit they kept spending and spending and then they couldn’t pay it back so they had debt
bull market
good stock market
bear market
bad stock market
who was huey long and what did he believe
senator and previous gov of louisiana and was assasinated
tax the rich, share the wealth
so take confiscate rich peoples money like cap limit at 5mil and distribute it with everyone else or was it give each family 5t
20th amendment
changed inaguration date from march 4th to jan 20 bc of like waiting around from fdr for things to get done
21st amendment
repealed 18th and allowed alcohol yayyyyy
how many terms did fdr serve
4 and he died in his last term
keynesian
put purchasing power in the hands of americans
spend more money then go into debt to make it back in taxes
court packing plan
add justices to supreme court so he would have more power bc supreme court kept declaring his new deal programs unconstitutional; it was something about people being over 70
In 1937, Roosevelt proposed legislation that would allow him to add liberal justices to the Court: a new justice would be added for every member over the age of 70 who would not retire. The plan received much negative feedback. The plan was referred to as the Court-packing plan.
buying on margin
paying a small price of a stocks price as a down payment and borrowing the rest
indian reorganization act
wanted to reverse assimilation policies and restore indian autonomy
nicknamed indian new deal
autonomy
self government
laissez faire
hands off free market approach
voluntary action
people volunteering to help like red cross organizations and stuff instead of the government stepping in and taking care of things
dust bowl
high output of grain caused farmers to ruin the soil in the earlier 1900s so that combined with prolonged drought made the dirt super dry and there were like dust tornados and that displaced tens of thousands of refuges
brain trust
Specialists in law, economics, and welfare, many young university professors, who advised President Franklin D. Roosevelt and helped develop the policies of the New Deal.
new deal
The economic and political policies of Franklin Roosevelt’s administration in the 1930s, which aimed to solve the problems of the Great Depression by providing relief for the unemployed and launching efforts to stimulate economic recovery. The New Deal built on reforms of the progressive era to expand greatly an American-style welfare state.
hundred days
The first hundred days of Franklin D. Roosevelt’s administration, stretching from March 9 to June 16, 1933, when an unprecedented number of reform bills were passed by a Democratic Congress to launch the New Deal.
Glass-Steagall Banking Reform Act (1933
A law creating the Federal Deposit Insurance Corporation, which insured individual bank deposits and ended a century-long tradition of unstable banking that had reached a crisis in the Great Depression.
wagner act
Also known as the National Labor Relations Act, this law protected the right of labor to organize in unions and bargain collectively with employers, and established the National Labor Relations Board to monitor unfair labor practices on the part of employer. Its passage marked the culmination of decades of labor protest
rugged individualism
concept by hoover a belief that individuals can succeed with minimal governmental aide.
smoot hawley tariff
enacted to protect U.S. farmers from foreign competition by increasing tariffs on certain foreign goods
speculation
investment in stocks, property, or other ventures in the hope of gain but with the risk of loss
deficit spending
when spending is above revenue
